• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing:  ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2018 Vol.9(4): 159-163 ISSN: 2010-023X
DOI: 10.18178/ijtef.2018.9.4.607

Dizistics Puts Face on Benefit — Stay Ahead of Air Cargo Business Model

Janghyuk Lim
Abstract—As global economic and technological development continues to reshape the air cargo industry, various technologies have developed effectively to diversify air cargo services, simplify processes, and optimize resource use in line with digitization. A developing peer-to-peer system where decentralized-computer-terminal participants, referred to as block chain and also known as distributed ledger technology (DLT), enables exchange-and-verify real-time data and information; requests, direct contracting between members of its’ network without employing conventional intermediaries. Objective of this research is to develop and ascribe to Dizistics to utilize block chain technology and present a primary concept for continued development of Dizistics for new air cargo business flow, changing interplay with stakeholders, and building efficient key-value, confidence, and automated transactions by eliminating air freight forwarders, intermediaries, in the air cargo transport sector. The output of this research at the preliminary stage of exploration is how Dizistics concept could be applied and then facilitate the development of a new air cargo business model. This research provides a new understanding overview of how block chain technology, applied to Dizistics, impacts several dimensions of the air cargo business model by decentralized financial and data transaction, peer to peer network, smart contracts, and trustworthiness of digital records and real time data exchange and proceeding.

Index Terms—Air cargo, block chain technology, Dizistics, freight forwarders, peer to peer network.

Janghyuk Lim is with Business School of Shantou University, 243 Da Xue Road, Shantou Guangdong, China (e-mail: drlim@stu.edu.cn).

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Cite: Janghyuk Lim, "Dizistics Puts Face on Benefit — Stay Ahead of Air Cargo Business Model," International Journal of Trade, Economics and Finance vol.9, no.4, pp. 159-163, 2018.

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